Tuesday, April 20, 2010

Goldman Sachs political ties

As Senate Majority Leader Harry Reid is busy grilling Minority Leader Mitch McConnell on a meeting he had with big wig Wall Street folks, more and more questions have been asked on exactly how deep and incestuous the relationship is between Wall Street and Washington.

I do not believe there is any doubt that the ties between Wall Street and Washington run deep. It has been this way for years.

What may come as a surprise to many is that it is not necessarily Republicans that have benefited most from Wall Street, Democrats ties run deep with their connections to Wall Street. Democrats have been selling the theory for years that they stand for the little guy in middle America; the evil Republicans stand for big business, big oil and big banks.

This is just not true.

Check out this:

President Obama rolls out a big new bill that will come down hard on Wall Street.

The following day, the SEC announces that they are going after Goldman Sachs.

(Amazing timing, don't you think?)

Since then, many have dug deep into Goldman Sachs ties to Washington.

Who is the #1 financial beneficiary from Goldman Sachs employee contributions?

You guessed right...President Barack Obama. In fact, no other candidate benefited as greatly as Obama did from Goldman Sachs employees in 2008. As Americans are busy bailing out the credit markets in 2008, candidate Obama raked in almost a million dollars from Goldman Sachs employees. $996,595!

No other candidate in American history has received more money from Wall Street folks than President Barack Obama.

Check out the chart on this page. Notice all of these bailout recipients... Goldman Sachs, Citigroup, JP Morgan, and Morgan Stanley.

Don't get me wrong, there is nothing illegal about this practice. However, the continuous lie pushed by the Democrats is that Republicans are in the hip pockets of Wall Street.

This is all crap!

In fact, Goldman Sachs employees have spent millions more dollars over the years to get Democrats elected than Republicans. See the chart for yourself.